WINTON GROUP Ltd Has $6.84 Million Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

WINTON GROUP Ltd raised its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 1,887.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,374 shares of the casino operator's stock after buying an additional 75,381 shares during the period. WINTON GROUP Ltd owned about 0.07% of Wynn Resorts worth $6,839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its holdings in shares of Wynn Resorts by 49.2% in the third quarter. Thrivent Financial for Lutherans now owns 11,683 shares of the casino operator's stock valued at $1,120,000 after buying an additional 3,850 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Wynn Resorts by 7.0% in the third quarter. Cerity Partners LLC now owns 53,711 shares of the casino operator's stock worth $5,150,000 after acquiring an additional 3,521 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Wynn Resorts by 13.3% during the third quarter. Daiwa Securities Group Inc. now owns 12,058 shares of the casino operator's stock valued at $1,156,000 after purchasing an additional 1,416 shares during the last quarter. Horizon Kinetics Asset Management LLC acquired a new stake in shares of Wynn Resorts in the third quarter valued at approximately $250,000. Finally, Baldwin Investment Management LLC acquired a new stake in shares of Wynn Resorts in the third quarter valued at approximately $398,000. Institutional investors own 88.64% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of research analysts have commented on WYNN shares. Stifel Nicolaus increased their price objective on Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Mizuho lifted their price objective on Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Macquarie reissued an "outperform" rating and set a $115.00 price objective on shares of Wynn Resorts in a report on Friday, February 14th. Jefferies Financial Group upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating and lifted their price target for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Finally, Barclays increased their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.58.

Insider Buying and Selling at Wynn Resorts

In related news, Director Philip G. Satre purchased 22,200 shares of Wynn Resorts stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the transaction, the director now owns 34,195 shares of the company's stock, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Tilman J. Fertitta purchased 11,475 shares of the firm's stock in a transaction on Monday, March 24th. The stock was bought at an average price of $84.93 per share, with a total value of $974,571.75. Following the completion of the purchase, the insider now owns 12,600,000 shares of the company's stock, valued at approximately $1,070,118,000. This represents a 0.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 38,700 shares of company stock worth $3,427,943. Corporate insiders own 0.52% of the company's stock.

Wynn Resorts Price Performance

Shares of Wynn Resorts stock traded down $3.82 on Friday, hitting $82.33. The company had a trading volume of 2,484,396 shares, compared to its average volume of 2,357,221. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The stock has a 50-day moving average of $85.96 and a 200-day moving average of $89.22. The firm has a market capitalization of $8.74 billion, a P/E ratio of 19.56, a P/E/G ratio of 2.35 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion. Equities analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, February 24th. Wynn Resorts's dividend payout ratio is presently 23.75%.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.